Ilham Aliyev, Azerbaijan’s president, has inaugurated the new Southern Gas Corridor pipeline network which will carry gas from the Shah Deniz field in the Caspian Sea to Turkey this year and to Western Europe from 2020. The newly-expanded BP-operated Sangachal terminal near Baku is…
Gazprom’s subsidiary Nord Stream 2 AG, a developer of a pipeline to supply Russian natural gas to the EU market through the Baltic Sea, has received construction permits in Russia and Sweden. On the 7th Junue Nord Stream 2 received the construction permit for the Russian section of the planned…
On the tenth anniversary of production from the Alvheim area fields, Norwegian oil company Aker BP has launched a new vision which would see it produce one billion barrels of oil from the fields located in the North Sea. On the 8th June, Aker…
Iraq’s Ministry of Oil has made its first direct shipment of crude oil since 1991. The two-million barrel shipment was made via its subsidiary company, the Iraqi Oil Tankers Company (IOTC). It will be delivered to a US-based customer of the State Oil…
Woodside Energy has commissioned TechnipFMC to upgrade the Pluto production facilities offshore northwest Australia for water treatment. The contract includes engineering, procurement, construction, installation, and commissioning (EPCIC) of the water handling module on the Pluto Alpha gas production platform, comprising facilities for water separation…
Schlumberger subsidiary Eastern Echo DMCC will acquire, market, and licence seismic data offshore Sri Lanka on a multi-client basis, under an agreement with country’s Ministry of Petroleum Resources Development. This will allow various 2D and 3D acquisition programmes to go forward in selected offshore…
Executives from oil majors gathered in Rio de Janeiro on the 7th June to compete for stakes in Brazil’s pre-salt oil play, home to some of the world’s most alluring offshore geology, as rising oil prices boost appetite for expensive offshore projects. A record 16 companies, including Chevron, BP and…
Venezuelan officials have released two Chevron employees who were arrested in April amid a national anti-corruption investigation. The US oil company said in a statement on the 6th June that its two Venezuela-based employees were “in good health” and had been reunited with their…
Partners in the Ophir field located offshore Malaysia have decided to exit the field due to economic cut-off, which will result in Petronas taking over full responsibility for the field. The Ophir field was developed by Ophir Production Sdn Bhd (OPSB) under a Risk Service…
European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources have said. The drop in crude purchases from the Islamic republic…
